PROPICO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PROPICO
Largest movements
- Cash -€14,229
down €14,229 (-11.8%), from €120,098 to €105,869
mainly Net result for the year (-€11,122) and Investment in fixed assets (net) (-€6,912)
- Tangible fixed assets +€6,210
up €6,210 (+17.9%), from €34,705 to €40,915
of which Furniture and vehicles: +€6,210
- Reserves -€11,122
down €11,122 (-28.1%), from €39,585 to €28,464
of which Distributable reserves: -€11,122
- Trade debts +€3,260
up €3,260 (+795.8%), from €410 to €3,670
- Gross operating margin -€12,446
down €12,446, from €7,676 to -€4,770
- Depreciation +€702
new in 2025: €702
- Other operating charges +€657
up €657 (+20.4%), from €3,222 to €3,879
- Financial charges +€594
up €594 (+26.2%), from €2,265 to €2,859
- Financial income -€143
down €143 (-11.6%), from €1,231 to €1,088
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,693 | €200,615 | -€8,078 | -3.9% |
| Fixed assets | 21/28 | €34,705 | €40,915 | +€6,210 | +17.9% |
| Tangible fixed assets | 22/27 | €34,705 | €40,915 | +€6,210 | +17.9% |
| Land and buildings | 22 | €34,705 | €34,705 | = | 0.0% |
| Furniture and vehicles | 24 | - | €6,210 | +€6,210 | |
| Current assets | 29/58 | €173,988 | €159,700 | -€14,288 | -8.2% |
| Amounts receivable within one year | 40/41 | €351 | €289 | -€62 | -17.8% |
| Other amounts receivable | 41 | €351 | €289 | -€62 | -17.8% |
| Current investments | 50/53 | €53,417 | €53,417 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €120,098 | €105,869 | -€14,229 | -11.8% |
| Deferred charges and accrued income | 490/1 | €121 | €125 | +€4 | +2.9% |
| Total equity and liabilities | 10/49 | €208,693 | €200,615 | -€8,078 | -3.9% |
| Equity | 10/15 | €207,585 | €196,464 | -€11,122 | -5.4% |
| Contributions | 10/11 | €168,000 | €168,000 | = | 0.0% |
| Capital | 10 | €168,000 | €168,000 | = | 0.0% |
| Issued capital | 100 | €168,000 | €168,000 | = | 0.0% |
| Reserves | 13 | €39,585 | €28,464 | -€11,122 | -28.1% |
| Non-distributable reserves | 130/1 | €21,691 | €21,691 | = | 0.0% |
| Legal reserve | 130 | €21,691 | €21,691 | = | 0.0% |
| Distributable reserves | 133 | €17,895 | €6,773 | -€11,122 | -62.2% |
| Amounts payable | 17/49 | €1,108 | €4,152 | +€3,044 | +274.8% |
| Amounts payable within one year | 42/48 | €1,108 | €4,152 | +€3,044 | +274.8% |
| Trade debts | 44 | €410 | €3,670 | +€3,260 | +795.8% |
| Suppliers | 440/4 | €410 | €3,670 | +€3,260 | +795.8% |
| Other amounts payable | 47/48 | €698 | €482 | -€216 | -30.9% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €702 | +€702 | |
| Other operating charges | 640/8 | €3,222 | €3,879 | +€657 | +20.4% |
| Gross operating margin | 9900 | €7,676 | -€4,770 | -€12,446 | |
| Operating profit (loss) | 9901 | €4,455 | -€9,350 | -€13,805 | |
| Financial income | 75/76B | €1,231 | €1,088 | -€143 | -11.6% |
| Recurring financial income | 75 | €1,231 | €1,088 | -€143 | -11.6% |
| Financial charges | 65/66B | €2,265 | €2,859 | +€594 | +26.2% |
| Recurring financial charges | 65 | €2,265 | €2,859 | +€594 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €3,420 | -€11,122 | -€14,542 | |
| Income taxes | 67/77 | €36 | - | -€36 | |
| Profit (loss) for the period | 9904 | €3,384 | -€11,122 | -€14,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,384 | -€11,122 | -€14,506 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.